Net Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2022

The basic weighted average shares and common stock equivalents for the three months ended March 31, 2022 and 2021, were computed using the treasury stock method.

The following table summarizes net earnings (loss) and net earnings (loss) per share attributable to FIS common stockholders for the three months ended March 31, 2022 and 2021 (in millions, except per share amounts):


	Three months ended March 31,
	2022		2021
Net earnings (loss) attributable to FIS common stockholders	$	120	$	(373)
Weighted average shares outstanding-basic	610		621
Plus: Common stock equivalent shares	4		—
Weighted average shares outstanding-diluted	614		621
Net earnings (loss) per share-basic attributable to FIS common stockholders	$	0.20	$	(0.60)
Net earnings (loss) per share-diluted attributable to FIS common stockholders	$	0.20	$	(0.60)

The diluted net loss per share for the three months ended March 31, 2021, did not include the effect of common stock equivalent shares of 5 million because the effect would have been anti-dilutive. The diluted net earnings (loss) per share for the three months ended March 31, 2022 and 2021, did not include options to purchase approximately 5 million and 1 million shares of our common stock for the three months ended March 31, 2022 and 2021, respectively, because they were anti-dilutive.

In January 2021, our Board of Directors approved a new share repurchase program under which it authorized the Company to repurchase up to 100 million shares of our common stock at management's discretion from time to time on the open market or in privately negotiated transactions and through Rule 10b5-1 plans. The new repurchase program has no expiration date and may be suspended for periods, amended or discontinued at any time. Under the new share repurchase program, approximately 85 million shares remain available for repurchase as of March 31, 2022.